Evoke Plc is focused on the ‘execution of short-term actions’ to maximise operating margins and return its business to growth in H2 trading. This statement follows the LSE gambling group publishing interim results, showing H1 losses (after tax) of £143m— a 300% increase compared to 2023 losses of £32m. A summary of H1 trading detailed performance declines, specifically impacting its …
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888 nets positive Q1 results ahead of VCP reset
888 Holdings has detailed a positive start to year trading, as the LSE gambling group prioritises the objectives of its Value Creation Plan (VCP). Publishing a Q1 trading update, 888 revenues stand at £431m, with results tracking slightly above the £420-430m guidance outlined by FY23 Results on 26 March 2024. Improved headline results carry notice that “the Group continues to …
Read More »Entain concludes messy 2023 on £879m loss as UK/Euro headwinds continue
Entain Plc has closed its full-year 2023 accounts declaring corporate losses (after tax) totalling £879m as group leadership proceeds with its transformation programme evaluating the firm’s brand portfolio, capital allocation and operating structures The LSE-listed gambling group announced its FY2023 results this morning, reporting that “results are in line with expectations and leadership is committed to improving operational execution to …
Read More »Flutter to shift primary location from LSE to NYSE by end of 2024
Flutter Entertainment Plc will proceed with plans to make the New York Stock Exchange (NYSE) the primary location of its corporate shareholding. This morning, Flutter leadership rang the NYSE trading bell, beginning the firm’s dual-listing on the US exchange, as approved by investors. Flutter shares will be listed on the New York exchange under the ticker symbol FLUT, alongside the …
Read More »Flutter NYSE listing sets a new benchmark for gambling PLC valuations
The City expects Flutter’s NYSE listing to have an impact on the corporate valuation disciplines of gambling PLCs… But nothing can stop the industry’s M&A momentum. The frantic movements of gambling PLCs have dominated industry headlines in the early proceedings of 2024. On the European front, despite no regulatory resolutions being settled in the past year, gambling PLCs continue their …
Read More »Flutter ends listing on Dublin Euronext
As of this morning (24 January 2024), Flutter Entertainment Plc has declared that it has ceased trading of its ordinary shares on the Dublin Euronext Exchange. On Tuesday, 23 January, Flutter concluded its final day of trading on the Dublin Euronext, as the global gambling group prepares to list on the New York Stock Exchange (NYSE) on Monday, 29 January. …
Read More »888 pledges to heal 2023 scars with new Executive Vision
888 Holdings has cited a direct impact of £80m on its corporate income due to its “proactive shift away from dot-com markets”. The impact was declared by the LSE gambling group publishing its pre-close statement on 2023 trading, described as a “year of significant regulatory and compliance headwinds.” Closing year-end trading, 888’s Q4 revenues stood at £424m, a 7% decrease …
Read More »Andrew Rhodes: Review of data and evidence leads UKGC 2024 agenda
Andrew Rhodes, Chief Executive of the UK Gambling Commission (UKGC), has claimed that the regulator has succeeded in its initial objective to eliminate the gaming sector’s most extreme compliance failings. Yesterday, following a two-year interval, Rhodes addressed delegates of the GambleAware Conference, stating that the “Gambling Commission has seen a step change in the gambling industry’s commitment to meeting our …
Read More »UKGC explains experimental findings of new UK gambling survey
The UK Gambling Commission (UKGC) has announced the completion of a key corporate project, the publication of the “Gambling Survey for Great Britain Experimental” data release. Head of Statistics Helen Bryce documents that three years ago, the UKGC initiated a project to enhance data collection on adult gambling participation and problem gambling prevalence in Great Britain. The project, adopting a …
Read More »Sportech ends London AIM status
Sportech has completed its final day of trading as a listed enterprise of the London Alternative Investment Market (AIM) as of 16 October. The decision to de-list from the London AIM was formally announced on 11 September by the board of Sportech, following a review of the firm’s long-term interests and options. Following its de-listing, Sportech will re-register its business …
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